Chastain and Spencer, who worked together on the 2011 "Help", will reunite for a comedy about trying to get home for the holidays.
During the Women Breaking Barriers panel, Chastain admitted she wasn't quite aware of the struggles black actresses face in the business. "She was like, 'It's time that women get paid as much as men.' I'm like, 'Yeah, Jessica, it's time.' We were dropping f-bombs and getting it all out there".
"And then I said, 'If we're gonna have that conversation about pay equity, we gotta bring the women of colour to the table".
"She's walking the walk and she's actually talking the talk", Spencer said.
Jada Pinkett Smith has heaped praise on fellow actress Jessica Chastain for helping Oscar victor Octavia Spencer fight for pay parity. When I discovered that, I realized that I could tie her deal to mine to bring up her quote,"Chastain wrote".
"I'm not allowing that in my life", Chastain said.
Octavia and Jessica are no strangers to speaking out on social and cultural issues, and they've both been key players in launching the Time's Up movement, in the wake the numerous sexual harassment and abuse allegations that emerged in Hollywood a year ago.
Chastain also took to Twitter to explain her feelings toward the negotiation.
Spencer was recently received her third Oscar nomination for Best Supporting Actress for her role in The Shape of Water, after previously winning an Academy Award for her supporting part in The Help. Chastain, who has been outspoken about the gender pay gap in the film industry, told Spencer that they would join forces to avoid any salary disparity. I'm emotional because I haven't had a chance to process it and it's real. "And we're just sitting there sipping coffee going, 'oh my god, women are in demand, leading films!'" "Men should start doing this with their female co-stars".
"It's nice to go out and march, we can do that. But what are we doing behind closed doors?" She's now tied with Viola Davis for most nominate black actress of all time (and has also been nominated for multiple Golden Globes). Every woman, every man in here, everyone has value. "Oh my god. Women are in demand, making films".